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    517 E MONROE ST #519, Metamora, IL 61548
    517 E MONROE ST #519, Metamora, IL 61548
    517 E MONROE ST #519, Metamora, IL 61548
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    Jackie Weisenburger

    Jackie Weisenburger

    +1(217) 430-9353
    Listed by Chris Rothan • eXp Realty
    $700,000
    Est. payment /mo
    1,925 SqFt
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    UPDATED:

    Key Details

    Property Type Commercial

    Sub Type Commercial

    Listing Status Active

    Purchase Type For Sale

    Square Footage 1,925 sqft

    Price per Sqft $363

    MLS Listing ID PA1265242

    Year Built 1967

    Annual Tax Amount $9,223

    Tax Year 2024

    Lot Size 0.530 Acres

    Acres 0.53

    Property Sub-Type Commercial

    Source rmlsa

    Property Description

    PART OF A PACKAGE. BUYER MUST ACQUIRE BOTH PARCELS. Unique Investment Opportunity with Multiple Income Streams This offering includes two parcels delivering immediate cash flow and long-term upside. Parcel one includes three multi-unit buildings totaling eight residential units: • 407 Morgan St – 2 units (3 Bed/1 Bath, 1 Bed/1 Bath) • 517 E Monroe – 4 units (four 2 Bed/1 Bath units) • 519 E Monroe – 2 units (2 Bed/1 Bath, 1 Bed/1 Bath) Parcel two features a pay-to-park lot with 49 income-producing parking spaces — a rare, stable revenue component. The apartment portfolio is nearly fully occupied, with one current vacancy already vetted with a qualified new tenant. Most units have been updated, allowing for strong in-place rents. Additional upside comes from value-add potential through an additional unit that can be finished out in one of the apartments. Also, outdoor storage units have an opportunity to further increase NOI. This is a diversified asset combining residential income with parking revenue - ideal for investors seeking both cash flow and growth potential. Seller is only selling this amazing opportunity as a package deal.

    Location

    State IL

    County Woodford

    Area Paar Area

    Zoning Commercial

    Direction 116 East, Left on N Niles, Right on E Monroe

    Interior

    Heating Forced Air, Natural Gas

    Cooling Central Air

    Flooring Carpet, Other, Tile

    Fireplace N

    Exterior

    View true

    Roof Type Asphalt,Sloped

    Garage 1

    Building

    Faces 116 East, Left on N Niles, Right on E Monroe

    Sewer Public Sewer

    Structure Type Brick,Aluminum Siding,Vinyl Siding,Frame

    Others

    Tax ID 09-17-405-007

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    Jackie Weisenburger

    Jackie Weisenburger

    +1(217) 430-9353

    Broker | License ID: 475.141177

    Broker License ID: 475.141177

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